Category: Politics

.. Vice President of Technology at Kuda, Oladipo Aina has emphasised the importance of collaboration, innovative technology, and empathetic customer engagement in the fight against fraud within the financial services sector. Speaking at TechConnect 4.0, a conference organised by Interswitch Group, Aina joined a panel to discuss strategies for navigating the future of financial…

A member of the House of Representatives from the Ideato North South Federal Constituency of Imo State, Ikenga Ugochinyere, has disclosed that some leaders of the Peoples Democratic Party (PDP) are considering a merger ahead of the 2027 general election. Ugochinyere made this revelation on Saturday during an address in his hometown, where he also…

.. … Komolafe Pledges More Revenue With 1MBPD Initiative, Others The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has surpassed its revenue target by 49 per cent when global hydrocarbon producers are witnessing lower royalties and weak margins. The achievement is coming despite onslaughts on oil and gas investments due to the global push for…

The study, which examined businesses across 10 African countries, reveals a striking trend: 37% of surveyed companies now prefer trading with African partners, compared to just 24% with Asian markets, 16% with European markets, and a mere 3% with North American markets. Rising Preference for African Markets Notably, businesses from Namibia (75%), Tanzania (48%), and…

.. The U.S. Special Presidential Envoy for Climate, John Kerry has joined the call for the United States to fund energy security in Africa as oil producers transit to net zero emission. In what he described as climate emergency, the former United States secretary of state called on the United States to lead global…

Leaders of the Peoples Democratic Party (PDP) have called on National Executive Committee (NEC) members to rally two-thirds support and convene an emergency meeting to tackle challenges hindering the party’s progress. The call comes amid growing concerns over delays by the acting National Chairman, Umar Damagum, in organizing the NEC meeting, a move party leaders…

.. Notore Chemical Industries Plc has disclosed plans for a Scheme of Arrangement to facilitate the acquisition of all shares held by minority shareholders, referred to as Scheme Shareholders. This proposal comes from Kwararafa Africa Limited in collaboration with TY Holdings Limited and Notore Chemical Industries (Mauritius) Limited. The Scheme of Arrangement, to be…

Wema Bank, Nigeria’s most innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has successfully concluded the 5th edition of its Hackaholics initiative, a premier ideation designed to empower and support the nation’s brightest tech innovators. The grand finale, which took place recently in Lagos, witnessed a remarkable showcase of ingenuity and problem-solving…

.. MTN Nigeria Communications Plc has announced plans to issue up to N50bn in Series 13 and 14 Commercial Paper Notes under its N250bn Commercial Paper Issuance Programme. This proposed issuance aligns with the company’s strategy to broaden its funding sources and strengthen its liquidity position. The proceeds from the issuance are earmarked to…

The camps of former Vice President Atiku Abubakar and Labour Party’s 2023 presidential candidate, Peter Obi, have dismissed speculations of a possible alliance for the 2027 presidential election. Social media platforms were abuzz after photos of Atiku hosting Obi for breakfast at his residence in Adamawa State went viral, fueling rumours of a potential collaboration.…

.. …Say Upgrade Of Plant Will Guarantee Energy Security For Nigerians The Nigerian Midstream and Downstream Petroleum Regulatory Authority, the National Union of Petroleum and Engineering Gas Workers and other stakeholders on Tuesday hailed the Nigerian National Petroleum Company Ltd for the commencement of operations at the Port Harcourt Refinery and Petrochemical Company. The…

United Bank for Africa (UBA) has signed a deal to commence full banking operations in France. In a statement late Thursday, the banking group said the landmark business cooperation agreement with the French Finance Minister, Antoine Armand, was part of President Bola Tinubu’s state visit to France. During the visit, the Chairman of UBA Group,…

CBN Governor, Olayemi Cardoso .. The Central Bank of Nigeria (CBN) has further raised the Monetary Policy Rate (MPR) to 27.50 per cent, a decision influenced by the rising inflation in Africa’s biggest economy. The apex bank took the hawkish stance on Tuesday at the 295th Meeting of the Monetary Policy Committee in Abuja.…

The Rivers State chapter of the All Progressives Congress (APC) has named Chief Tony Okocha its new chairman. Naija News understands that Okocha, who previously served as the Caretaker Committee Chairman of the party, was elected unopposed along with other executive members during the state delegate congress held in Port Harcourt, the capital of Rivers…

.. A former Minister of Aviation, Osita Chidoka, has resigned his membership of the the Peoples Democratic Party (PDP). Chidoka, in his resignation notice to the party leadership, stated that he was quiting partisan politics for good. In the letter, dated November 29, 2024, the Obosi, Anambra born former minister said he was leaving the…

Sterling Bank has unveiled Confam Jara 2.0; an extraordinary reward campaign that will see over ₦40 million in prizes awarded to customers nationwide. The programme marks a significant expansion of the bank’s customer appreciation initiatives, rewarding transactions across Sterling debit cards, OneBank, and *822# USSD platforms. This is a sequel to its highly successful customer promotion…

.. The Port Harcourt Refinery and Petrochemical Company will be rolling out about 200 trucks of petroleum products daily, following its commencement of operations on Tuesday, NewsNGR can report. NewsNGR had earlier reported that the refinery, which had not been active since 2019, officially commenced operations after undergoing renovation and modernisation. The renovation and…

The Edo State chapter of the Peoples Democratic Party (PDP) has lampooned Governor Monday Okpebholo over his recent statement in what it described as a systemic plot to conceal the manipulation that tainted the governorship election held on September 21. In a statement issued through Chris Osa Nehikhare, the Publicity Secretary of Edo PDP Caretaker…

.. President Emmanuel Macron of France excited Nigerians on Thursday when he tweeted in Pidgin English to thank President Bola Ahmed Tinubu for his state visit to France. “Na big honor for France, dear President Bola Tinubu @officialABAT, to welcome you for dis State visit as one big partner and friend of today and…

The Federal Government has hailed the contributions and remarkable achievements of Africa’s fastest-growing financial institution, Moniepoint Inc., in the financial technology sector. It has also praised Moniepoint Inc.’s commitment to advancing financial inclusion and its ongoing collaborations with law enforcement agencies to combat financial fraud.  This was stated by the Vice President, Senator Kashim Shettima,…